YHB Investment Advisors Inc. Grows Holdings in Netflix, Inc. $NFLX

Key Points

• YHB Investment Advisors Inc. increased its holdings in Netflix, Inc. by 30% during Q2, owning 6,607 shares valued at approximately $8.85 million.
• Insider trading was notable, with CEO Gregory K. Peters and Director Reed Hastings selling a combined total of over $33 million in shares, resulting in significant decreases in their respective positions.
• Analysts have set new price targets for Netflix, with ratings ranging from a "Strong Buy" to "Sell", while the average price target is currently at $1,328.87.

YHB Investment Advisors Inc. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 30.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,607 shares of the Internet television network's stock after buying an additional 1,524 shares during the quarter. YHB Investment Advisors Inc.'s holdings in Netflix were worth $8,848,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NFLX. Brighton Jones LLC grew its position in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. Waverly Advisors LLC grew its position in Netflix by 29.6% during the 4th quarter. Waverly Advisors LLC now owns 3,545 shares of the Internet television network's stock valued at $3,160,000 after purchasing an additional 810 shares during the last quarter. Continuum Advisory LLC grew its position in Netflix by 9.0% during the 4th quarter. Continuum Advisory LLC now owns 788 shares of the Internet television network's stock valued at $703,000 after purchasing an additional 65 shares during the last quarter. Finally, First Heartland Consultants Inc. grew its position in Netflix by 7.3% during the 4th quarter. First Heartland Consultants Inc. now owns 811 shares of the Internet television network's stock valued at $723,000 after purchasing an additional 55 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the sale, the director owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 over the last quarter. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wedbush reissued an "outperform" rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price target on shares of Netflix in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,328.87.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,207.78 on Friday. The firm's 50 day moving average price is $1,212.85 and its 200-day moving average price is $1,137.88. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $513.22 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the prior year, the business earned $4.88 EPS. The business's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

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